printout House: Sakura, Saitama, Saitama

Asset type
House
Yield
32.7%
Rank
★★★☆☆
Bid period ended

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Base bid price 520,000yen You could bid above 416,000yen
Bid period ended

Results

Court classification House Sale price 830,000yen
Bid opening Sale Number of bidders 2
Winner qualification Individual

Location

Location Sakura, Saitama, Saitama
Traffic access on report(japanese) JR武蔵野線「西浦和」駅 北西方 約700m(直線距離)
Reference(japanese) JR埼京線 中浦和駅 南西方 1.74km JR武蔵野線 武蔵浦和駅 西方 2.50km

Property data

Type Land Share sale Property number 1
Registered category Residential land Actual category Residential-road
Registered area 27.67m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Share Third
Type Land Share sale Property number 2
Registered category Residential land Actual category -
Registered area 21.92m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Share Third
Type Building Share sale Property number 3
Building number 103-23
Registered type Residence Actual -
Registered structure WoodenTile・Zinc-coated steel sheetroofed2F building Actual -
Registered floor area 1F 20.22m2,2F 13.17m2 Actual 1F ca.22.70m2,2F 13.17m2
Layout Others Land right Ownership・Others
Occupant Yes Year/month built 1967/06

Numerical data

Cap rate 32.7% Area 35㎡
Gross yield 45.0% Base bid price 520,000yen
Lease demand 20 / 25pt Minimum bid price 416,000yen
Ratio of years passed
to depreciable years
254% Earnest money deposit 104,000yen

Court data

Case number 2023(O)97 Announced 2024/03/19
Court Saitama District Court (Main) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/03 ~ 2024/04/10
Farm land - Result 2024/04/17
Sale decision 2024/05/08 Special sale 2024/04/22 ~ 2024/04/26

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Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 520000yen in court auction is the same as buying the asset out of court auction at 480000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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